IRS Sent Over $1 Billion in Child Tax Credit Payments to Ineligible Households
The Internal Revenue Service erroneously sent more than $1 billion in child tax credit payments last year to millions of Americans who weren’t eligible for the free cash, an audit showed Tuesday.
The audit also found while 3.3 million payments shouldn’t have been sent between July and November of last year, the IRS also failed to send payments worth $3.7 billion to the more than 4 million taxpayers who were eligible.
The wrongly delivered payments went to 1.5 million ineligible taxpayers in instances where “a dependent did not meet age requirements, was deceased, or was claimed on another tax return,” the Treasury Inspector General for Tax Administration report stated.
Read More at the New York Post
